RealReal initiated with an Outperform at Northland on improved trajectory

As previously reported, Northland initiated coverage of RealReal with an Outperform rating and $6 price target. Numerous strategy shifts over the last roughly 18 months, led by new CEO John Koryl, have “completely changed REAL‘s trajectory,” contends the analyst, who sees key operational shifts translating to “significantly improved financials.” As the “leading digital marketplace in the rapidly expanding secondary market for luxury goods,” the firm views RealReal as positioned to accelerate growth while building on its improved profitability, the analyst tells investors.